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FDI IN SUN DIRECT TV, SALIM GROUP ALLOWED (NKIDPL to act as operating-cum-holding company to make downstream investments in Indian companies).
(From India Business Insight)
The Cabinet Committee on Economic Affairs (CCEA), Government of India, has approved Sun Direct TV's issue of equity shares accounting for 20 percent of its paid-up capital to South Asia Entertainment Holdings Ltd of Mauritius. The deal will involve foreign direct investment (FDI) inflow of about $150 million into Sun Direct …
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